Revolutionizing Community Lending with Blockchain
Verfiable on-chain reputation based under-collateralized community lending.
What is Equb?
Equb is a traditional Ethiopian rotating savings and credit system where members contribute money regularly, and one member receives the pooled funds each round.
Why Ethqub?
According to World Bank statistics, an estimated 1.7 billion people in the world are unbanked, while over 44% of the current banked population is not eligible for credit which means 72% of the world population is defined as not credible and it is impossible to use the traditional financial system